Meritage Homes Sets Quarterly Dividend and Boosts Buyback Plan

Meritage Homes Declares Quarterly Cash Dividend
Meritage Homes Corporation (NYSE: MTH), a leading name in the U.S. homebuilding landscape, has made noteworthy announcements that showcase its robust financial health. The Company has declared a quarterly cash dividend of $0.43 per share. Shareholders of record can expect this dividend to be payable on September 30, as of the close of trading on September 16.
Share Repurchase Authorization Increased
In addition to the dividend announcement, Meritage's Board of Directors has also approved an impressive increase of $500 million to the Company's existing share repurchase program, demonstrating a significant commitment to maximizing shareholder value. This proactive step signals confidence in the Company’s operational outlook and financial future.
About Meritage Homes Corporation
As the fifth-largest public homebuilder in the United States, Meritage Homes is known for its focus on energy-efficient and affordable housing options. The Company features a compelling array of entry-level and first move-up homes that cater to a diverse range of buyers. Its operations span across numerous states, ensuring a broad market presence.
Commitment to Quality and Sustainability
With a legacy that includes over 200,000 homes delivered in the last 40 years, Meritage is celebrated for its distinctive architectural style, quality construction, and exceptional customer service. The Company is also a recognized leader in sustainable building practices, having been awarded the U.S. Environmental Protection Agency’s (EPA) ENERGY STAR® Partner of the Year for Sustained Excellence multiple times, alongside other notable accolades for indoor air quality.
Company Contact Information
For additional insights regarding Meritage Homes and its offerings, interested parties can reach out to Emily Tadano, the VP of Investor Relations and External Communications, at (480) 515-8979. Email inquiries can be directed to investors@meritagehomes.com.
Frequently Asked Questions
What is the announced dividend amount by Meritage Homes?
Meritage Homes has declared a quarterly dividend of $0.43 per share.
When will the dividend be payable?
The dividend will be payable on September 30 to shareholders on record as of September 16.
What increase has Meritage announced for its share repurchase program?
Meritage has approved a $500 million increase to its share repurchase authorization.
What distinguishes Meritage Homes in the housing market?
Meritage is known for its energy-efficient and affordable entry-level and first move-up homes.
Who can I contact for more information about Meritage Homes?
For inquiries, you can contact Emily Tadano at (480) 515-8979 or email investors@meritagehomes.com.
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